SCI Shared Resources $2M 401(k) Plan Class Action Settlement No Proof Required

SCI Shared Resources $2M 401(k) Plan Class Action Settlement

By the Class Action Buddy Editorial Team · Last reviewed June 29, 2026

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Max Payout
TBD
Filing Deadline
No
Proof Required?
SCI Shared Resources, LLC is facing a class action lawsuit alleging mismanagement of its employee 401(k) retirement plan in violation of the Employee Retirement Income Security Act (ERISA). The lawsuit claims that plan fiduciaries failed to act in the best interests of plan participants — potentially costing employees money through excessive fees, poor investment options, or other mismanagement of retirement funds. A $2 million settlement fund has been established to compensate affected workers. If you were a participant in the SCI Shared Resources 401(k) retirement plan during the relevant time period, you may be entitled to a share of this settlement. These types of ERISA settlements are designed to put money back in the pockets of everyday workers whose retirement savings may have been impacted by decisions made on their behalf. Settlement details including the exact claim deadline and individual payout amounts are still being confirmed. Class Action Buddy is tracking this settlement and can help you file your claim as soon as the process opens up.
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Who Is Eligible?

You may be eligible to file a claim if you:

  • You were a current or former employee of SCI Shared Resources, LLC
  • You participated in the SCI Shared Resources 401(k) retirement plan during the covered period (exact dates to be confirmed)
  • Your retirement account was invested in or affected by the plan during the relevant time frame
  • You are a U.S.-based plan participant — this settlement covers eligible employees nationwide

How Much Can You Get?

The total settlement fund is $2 million, which will be distributed among eligible plan participants. Individual payout amounts will depend on factors such as how long you participated in the plan and your account balance during the covered period — a calculation method common in ERISA retirement plan settlements. Specific payout amounts per person have not yet been publicly disclosed. Once the settlement administrator releases that information, Class Action Buddy will update this page. Keep in mind that attorney fees and administrative costs will be deducted from the $2 million fund before distributions are made to class members.

How to File Your Claim

The administrator has not published a claim form for this settlement. The steps below are what filing will involve once one exists.

  • Confirm you were a participant in the SCI Shared Resources 401(k) plan during the covered period
  • Gather any relevant documents, such as old 401(k) statements, employment records, or plan participation notices — these may be needed to verify your claim
  • Wait for the official claim form to be released by the settlement administrator (details pending)
  • Complete and submit the claim form before the deadline — even if no deadline has been announced yet, act promptly once one is set

File this one with the administrator

Class Action Buddy does not file this settlement for you — use the official claim process above. What the app does do is watch the open settlements list and tell you when a new one matches your profile.

Frequently Asked Questions

Do I need proof of purchase for the SCI Shared Resources $2M 401(k) Plan Class Action Settlement?

No proof of purchase is required — you can typically file based on a sworn statement, without receipts, photos, or product packaging. Note: some settlements still require a Claimant ID or PIN from a mailed notice; if this one does, it will be shown on the official claim form.

How do I file a claim for the SCI Shared Resources $2M 401(k) Plan Class Action Settlement?

File directly with the settlement administrator, using the official claim form linked on this page. Class Action Buddy does not support this settlement in the app, so the administrator’s own claim process is the route. Check whether the form asks for an ID or PIN from the notice you were sent before you start.

What is the SCI Shared Resources 401(k) class action lawsuit about?

The lawsuit alleges that SCI Shared Resources breached its fiduciary duties under ERISA by mismanaging the company's 401(k) retirement plan. This could include things like selecting investment options with excessive fees or failing to act in the best financial interests of plan participants. A $2 million settlement has been reached to compensate affected employees.

Who qualifies for the SCI Shared Resources ERISA settlement?

Current and former employees who participated in the SCI Shared Resources 401(k) retirement plan during the relevant covered period are likely eligible. The exact qualifying dates have not yet been publicly confirmed, so check back for updates or use Class Action Buddy to get notified when more details are available.

Do I need proof to file a claim in the SCI 401(k) settlement?

It's possible that some documentation — such as old 401(k) statements or employment records — may be required to verify your participation in the plan. The exact proof requirements will be clarified when the official claim form is released. It's a good idea to gather any retirement plan documents you have on hand just in case.

Primary source: the official settlement administrator’s website named in the court-approved class notice. We track this settlement from public settlement-notice sources; a single official administrator claim URL was not on file, so confirm the details on the official settlement website before you file.

Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.

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